Interview with Vikram Limaye, MD & CEO (National Stock Exchange)
NSE goes for a new logo and brand identity to grow on all fronts.
#NationalStockExchange #VikramLimaye #Money #OutlookMoney #OutlookMagazine #OutlookGroup
#NationalStockExchange #VikramLimaye #Money #OutlookMoney #OutlookMagazine #OutlookGroup
Transcript
00:00 We've done a lot for the development of markets in order to facilitate the growth of the Indian
00:21 economy.
00:22 We're going to continue down that path in terms of market development.
00:25 It is a new logo and a new brand identity because we believe that the next 25 years
00:33 the markets have evolved quite significantly.
00:35 We've done a lot over the last 25 years.
00:38 The next 25 years of market development will require collaboration, will require strategic
00:44 partnerships, will require a focus on new product innovation, on technology, all these
00:50 aspects.
00:51 So we thought it was a good thing to do.
00:53 It's always useful, it's been 25 years to do a brand refresh and try and position the
01:00 company in a particular way.
01:02 When I came on board, stakeholder relationships had to be set right and that was across the
01:08 board, whether it was with regulators, with government, with media, with clients, etc.
01:14 So we've worked on all those fronts and I do feel we've made a lot of progress on that.
01:19 There was a lot of focus on making sure that controls were tightened and strengthened so
01:26 that some of the issues that had arisen in the past don't happen going forward.
01:33 So there's been a lot that's been done on strengthening of controls.
01:36 There's a huge focus on investment in technology and we've announced some initiatives on that
01:43 front.
01:44 There is a lot that is going to be done in the next 12 months as well in terms of revamping
01:48 our clearing and settlement technology, our surveillance systems, etc.
01:52 So there's a large agenda on technology.
01:55 We're focused on making sure that the trust in markets is enhanced and therefore raising
02:02 the bar on governance is extremely important, whether it's for our trading members or even
02:07 for listed companies and corporates.
02:09 So there's a lot of work going on on that front.
02:12 Strategic partnerships is important.
02:15 We've announced one with NASDAQ.
02:18 There will be more that we will unfold not only in the exchange business but also in
02:22 our non-exchange businesses.
02:24 And overall the idea is to grow on all fronts.
02:29 Market development is important.
02:31 New markets are important.
02:32 We're getting into new segments such as commodities.
02:35 The bond and currency markets have a long way to go.
02:38 Equity penetration needs to be deepened.
02:40 Institutional participation in equities needs to be enhanced.
02:43 So it's a very large agenda and there's a lot to do on multiple fronts.
02:46 So that's what we've done over the last 12 months.
02:49 We will continue to focus on those things going forward as well.
02:52 as well.
02:52 [BLANK_AUDIO]